[12163] in cryptography@c2.net mail archive
Micropayments, redux
daemon@ATHENA.MIT.EDU (Udhay Shankar N)
Mon Dec 16 12:05:56 2002
Date: Mon, 16 Dec 2002 18:51:02 +0530
To: cryptography@wasabisystems.com
From: Udhay Shankar N <udhay@pobox.com>
Ron Rivest is involved, too. Anybody got more info?
http://www.peppercoin.com/peppercoin_is.html
Peppercoin is a new approach to an old challenge: how to make small value=20
transactions=97micropayments=97feasible. There is a whole world of digital=
=20
content gathering dust because owners cannot find a profitable way to get=20
it into the hands of paying customers.
Merchants can profitably sell content or services at very low price points,=
=20
which would be unprofitable with traditional payment methods.
Consumers can purchase small-value items easily; PepperCoins are "digital=20
pocket change" for music, games, and other downloads.
Through a cryptographically secure process of sampling digital payments,=20
Peppercoin reduces the volume of transactions processed by a third-party=20
payment processor or financial institution. Peppercoin utilizes the most=20
robust and secure digital encryption technologies, based on RSA digital=20
signatures, to process and protect payments.
Peppercoin's innovative technology is protected by worldwide patent=20
applications.
--=20
((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com))
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